Noodles unveils $120.9 million Q3 revenue

Noodles & Company (NASDAQ:NDLS) reported third-quarter 2026 revenue of $120.9 million, alongside a 9.5% increase in system-wide comparable restaurant sales.

Comparable sales increased 10.7% at company-owned restaurants and 4.9% at franchised locations, despite the decline in total revenue compared with the previous year.

Net loss narrowed to $2.1 million, or $0.36 per diluted share, from $9.2 million, or $1.58 per share, while operating margin improved to 0.1% from negative 5.2% and adjusted EBITDA increased 34.3% to $8.7 million.

At September 29, 2026, the company had $1.5 million in cash, $101 million in outstanding debt and $21.2 million available under its revolving credit facility, while a November 12 amendment extended the facility's maturity to November 30, 2027.

The company now expects full-year 2026 revenue of $485 million–$495 million and adjusted EBITDA of $35 million–$37 million, compared with its previous guidance of $485 million–$500 million and $34 million–$38 million, respectively.

Noodles & Company continues reviewing strategic alternatives, including refinancing its debt, refranchising operations or selling all or part of the business, as it works to improve its financial position.